Alberta · Proposal
Report of the Trustee on Proposal, dated June 14, 2016
Court officer report · 14 June 2016
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing35 verified
- commencement date5 May 2016
- court file no25-2119793
- appointeeErnst & Young Inc.
- appointee roleTrustee
- courtIN THE COURT OF QUEEN'S BENCH OF ALBERTA
- provinceALBERTA
- statutory basisPart III, Division 1 of the Bankruptcy and Insolvency Act
- financial positionnote: Balance of secured claims per list B stated as 0.00; preferred creditors per list C stated as 70,000.00; contingent/trust claims per list D stated as 625,000.00; total liabilities shown as 9,263,074.52 against total assets of 1,193,435.00, deficiency of 8,069,639.52. · page: 19 · as at: 2016-05-05 · basis: Statement of Affairs (Form 78) as stated and estimated by the officer · scope: EmberClear Corp. (entity level, non-consolidated) · currency: CAD · total assets: 1193435 · total liabilities: 9263074.52
- unsecured creditorsnote: Total unsecured creditors per List A; full itemized list (13 pages) not entirely provided in extracted pages - only page 2 of 13 available, showing entries 1-24. · page: 19 · as of: 2016-05-05 · basis: Statement of Affairs (Form 78) as stated and estimated by the officer · amount: 8568074.52 · debtor: EmberClear Corp. · creditor: Unsecured creditors (aggregate total per Statement of Affairs) · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 45000 · debtor: EmberClear Corp. · creditor: BILL ORCHARD · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 9000 · debtor: EmberClear Corp. · creditor: BRIAN HEARST · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 90000 · debtor: EmberClear Corp. · creditor: BRUCE HANCHAR · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 112606.6 · debtor: EmberClear Corp. · creditor: Burnet, Duckworth & Palmer LLP · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 2972.8 · debtor: EmberClear Corp. · creditor: CAFO · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 17000 · debtor: EmberClear Corp. · creditor: Caroline Kerr · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 175000 · debtor: EmberClear Corp. · creditor: CCA Capital LLC · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 99000 · debtor: EmberClear Corp. · creditor: CHRIS CHAMBERLAIN · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 15000 · debtor: EmberClear Corp. · creditor: Cindy Bosse · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 1200 · debtor: EmberClear Corp. · creditor: CNW · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 54000 · debtor: EmberClear Corp. · creditor: COLIN SHEEDY · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 2481.52 · debtor: EmberClear Corp. · creditor: Computershare Trust Company of Canada · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 198000 · debtor: EmberClear Corp. · creditor: DALE DUSTERHOFT · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 153000 · debtor: EmberClear Corp. · creditor: DAN O'REILLY · currency: CAD
- unsecured creditorsnote: Statement of Affairs List A shows only creditors 1-24 on the page provided; the full list runs to 13 pages, only page 2 of 13 was extracted. · page: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 54000 · debtor: EmberClear Corp. · creditor: DARRELL LETKEMAN · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 36000 · debtor: EmberClear Corp. · creditor: BOW SUMMIT RESOURCES LTD., C/O GRANT GOODMAN · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 257163.75 · debtor: EmberClear Corp. · creditor: Andrews Kurth LLP · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 36000 · debtor: EmberClear Corp. · creditor: 1192916 ALBERTA LTD · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 100000 · debtor: EmberClear Corp. · creditor: 228277 Holdings Ltd. · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 99000 · debtor: EmberClear Corp. · creditor: 375952 ALBERTA LTD. · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 27000 · debtor: EmberClear Corp. · creditor: Albert Lin · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 27000 · debtor: EmberClear Corp. · creditor: ALLEN DIEDE · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 150000 · debtor: EmberClear Corp. · creditor: AOL Inc. · currency: CAD
- unsecured creditorspage: 20 · as of: 2016-04-22 · basis: Statement of Affairs List A as reported · amount: 36000 · debtor: EmberClear Corp. · creditor: Barrie Reagan · currency: CAD
- recovery outcomeentries: basis: plan · quote: "Cash Option" means a proven creditor's election (or deemed election) to accept a cash payout of 10% of its proven claim in full and final satisfaction of all of its claims against EmberClear in accordance with paragraphs 3 and 4 hereof; · pct of: proven_claims · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: debtor · class label: unsecured creditors (Cash Option) · interim final: unstated · cents on dollar: 10 · claims qualifier: unstated; basis: plan · quote: if they elected to receive the Note Option, a Note issued in an amount equal to $0.70 per $1.00 of their proven claim, · pct of: proven_claims · outcome: distribution · pct low: 70 · pct high: 70 · class key: unsecured · stated by: debtor · class label: unsecured creditors (Note Option) · interim final: unstated · cents on dollar: 70 · claims qualifier: unstated; basis: plan · quote: to the preferred creditors of EmberClear, if any, in full; and · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: preferred creditors · interim final: unstated · claims qualifier: unstated · stated on: 2016-05-05 · table missing:
- secured creditors